Nick Zulovich, Senior Editor

There probably are not many strategies leveraged by subprime auto finance companies that Consumer Portfolio Services chairman and chief executive officer Brad Bradley hasn’t seen since joining the company in 1991. But Bradley described a concept as being “the new thing on the street” during CPS’... Read More

ARA honors 22 members during annual convention

SubPrime Auto Finance News Staff

Ahead of the North American Repossessors Summit in April, the American Recovery Association also hosted its 54th annual convention where an array of topics associated with repossessions and recoveries were discussed by agents, finance companies and other service providers. “We have a lot of exciting things in the... Read More

SubPrime Auto Finance News Staff

Chase Auto Finance will continue to be a captive-like provider for a luxury brand. On Tuesday, Chase and Jaguar Land Rover North America announced the renewal of their private-label agreement, extending Chase’s role as the private-label finance provider for the manufacturer. For the last decade, Chase Auto has... Read More

New FTC leadership arrives as Simons returns

SubPrime Auto Finance News Staff

New leadership officially took control of the Federal Trade Commission. Earlier this week, Joseph Simons was sworn in as chairman of the FTC. President Trump named Simons, a Republican, to a term on the commission that expires Sept. 25, 2024, and designated him as chairman. Simons was confirmed by the U.S. Senate... Read More

SubPrime Auto Finance News Staff

As an online survey conducted by Equifax showed more insight into how consumer might be haggling at the dealership over vehicle price and other contract terms, the costs those buyers are absorbing continues to climb, especially for new vehicles. In April, interest rates on new-vehicle financing remained at elevated... Read More

18 credit unions join GrooveCar platform in Q1

SubPrime Auto Finance News Staff

The ongoing momentum credit unions are generating in the auto finance space surfaced again through a first-quarter development from GrooveCar, which now can reach another 450,000 members who might be purchasing a vehicle. The company announced 18 new credit union partners have joined the GrooveCar Direct online vehicle... Read More

Nick Zulovich, Senior Editor

When Protective Asset Protection, conducted its latest survey addressing dealer concerns and opportunities with F&I product offerings, the provider of F&I programs, services, and dealer-owned warranty programs wasn’t surprised to see margin to be a primary concern. An element that did catch the attention... Read More

SubPrime Auto Finance News Staff

Already with a strong presence in Canada, TransUnion is continuing to broaden its global credit market footprint with another move in Europe. Roughly six months after acquiring alternative data provider FactorTrust in the U.S., TransUnion recently announced an agreement to purchase Callcredit Information Group, the... Read More